We worked personally with a lot of great VCs. They just work incredibly hard at supporting entrepreneurs and their companies.
Interpretation
Venture capitalists are dedicated to helping entrepreneurs succeed by providing support and resources.
This quote highlights the commitment and effort that venture capitalists (VCs) put into supporting entrepreneurs and their businesses. It emphasizes that behind the financial investment, there is a significant amount of hard work aimed at nurturing innovation and growth, showcasing the integral role that VCs play in the startup ecosystem.
In practice
A speaker at a startup conference might use this quote to illustrate the value of good mentorship.
People are so bad at driving cars that computers don't have to be that good to be much better. Any time you stand in line at the D.M.V. and look around, you're like, Oh, my God, I wish all these people were replaced by computer drivers.
It's really rare for people to have a successful start-up in this industry without a breakthrough product. I'll take it a step further. It has to be a radical product. It has to be something where, when people look at it, at first they say, 'I don't get it, I don't understand it. I think it's too weird, I think it's too unusual.'
Entrepreneurs say in an economic boom it's actually hard to build a company because everybody's too excited and there is too much money funding too many marginal companies.
I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator, or as an investor or a board member, I just find that hugely satisfying.
China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.
An awful lot of successful technology companies ended up being in a slightly different market than they started out in.
When I was 19, I made my first good week's pay as a club musician. It was enough money for me to quit my job at the factory and still pay the rent and buy some food. I freaked.
I never wanted to be famous. I only wanted to be great.
I am the same person I was before receiving the Nobel Prize. I work with the same regularity, I have not modified my habits, I have the same friends.
It's rare for a startup to make money immediately, so you need to make sure that you have enough saved or that you have another income stream that can support you.
Talent wins games, but teamwork and intelligence wins championships.
Right up until the time I retired at age 37, I felt like there were still things that I could do better.
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